Owner Steve Bisciotti's team was valued at $1.157 billion and finished 11th among NFL organizations. Last year, the Ravens finished 18th in the overall rankings with a value of $1.09 billion. Forbes wrote that the Ravens' stadium naming rights deal with M&T Bank is worth $75 million over 15 years.

European soccer clubs occupied the top three spots in this year's rankings. Real Madrid topped the 50-team list with a value of $3.3 billion. Manchester United, which ranked No.1 last year, finished second at $3.17 billion, while Barcelona ($2.6 billlion) rounded out the top three.

Forbes has been valuing teams in the major professional sports leagues since 1998. According to the magazine, the top 50 list is based on the valuations it has done for the NFL, NHL, NBA, MLB, soccer, NASCAR and Formula One over the past year.

The magazine reported that the average team in the top 50 is worth $1.24 billion, up 16 percent over last year. It also wrote that there are 33 teams worth $1 billion compared to 24 last year, and while there weren’t any teams worth $2 billion two years ago, there are now five.